Fury Gold Mines buys Newmont’s 50% stake in Éléonore South project in Quebec
Newmont said last week it planned to sell six non-core assets.
Newmont said last week it planned to sell six non-core assets.
The miner reported record annual revenue of $1.69 billion.
The world's largest gold miner will use proceeds to cut debt, which stood at $8 billion at the end of 2023.
Jiangxi Copper, the Canadian miner’s top shareholder, will receive 50,000 tonnes of copper anode per year from mines in Zambia.
Côté Gold will be the third largest gold mine in Canada with an expected mine life exceeding 18 years, the company said.
The Canadian miner has not yet earned a stake in African Pioneer Zambia, the company that holds the copper licences.
Centerra expects to complete a PEA in Q1 2025 to evaluate a mine life extension beyond 2035.
It remains highly prospective for new gold discoveries, said Barrick Gold CEO.
Quirk will assume full responsibility for executive management of the business effective June 11.
Initial production remains on track for March 2024.